Lending

In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient incurs a debt, and is usually liable to pay interest on that debt until it is repaid, and also to repay the principal amount borrowed.

Source: en.wikipedia.org

R2 Raises $15M to Promote Latam Small Business Lending
R2 Raises $15M to Promote Latam Small Business Lending
September 02, 2022  |  Investments

Mexico City-based lending platform R2 has raised $15 million in a Series A funding round. The round, led by Wen-Wen Lam of Google’s venture fund...

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Live Oak Bank Expands SBA Lending Program
Live Oak Bank Expands SBA Lending Program
September 02, 2022  |  B2B Payments

Live Oak Bank has announced that 10 lenders have joined its general Small Business Administration (SBA) lending team in the first half of 2022. These...

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FTC Fines Credit Karma $3M for False Pre-Approvals
FTC Fines Credit Karma $3M for False Pre-Approvals
September 01, 2022  |  Legal

The Federal Trade Commission (FTC) says it has ordered personal finance company Credit Karma to pay a $3 million penalty for telling consumers they were...

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EMEA Daily: Thunes, Alipay+ Partner on Mobile Wallet Acceptance in Europe; Santander Taps Trovata for Cash Management
EMEA Daily: Thunes, Alipay+ Partner on Mobile Wallet Acceptance in Europe; Santander Taps Trovata for...
August 31, 2022  |  emea

In today’s news from Europe, the Middle East and Africa (EMEA), Thunes has partnered with Alipay+ to increase eWallet acceptance in Europe and Santander has...

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TimePayment Closes on $375M Credit Facility for Equipment Financing
TimePayment Closes on $375M Credit Facility for Equipment Financing
August 31, 2022  |  Fintech Investments

Boston-based FinTech TimePayment announced the closing of a new $375 million revolving credit facility Tuesday (Aug. 30), which will strengthen its capital position and support...

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Tink Offers Lenders Real-Time Look at Loan Applicants’ Expenses
Tink Offers Lenders Real-Time Look at Loan Applicants’ Expenses
August 31, 2022  |  Loans

Open banking platform Tink is launching a new product that gives lenders real-time access to applicants’ fixed and discretionary spending, allowing them to make faster...

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Pezesha Raises $11M to Grow Lending Platform in Sub-Saharan Africa
Pezesha Raises $11M to Grow Lending Platform in Sub-Saharan Africa
August 30, 2022  |  Investments

Embedded finance FinTech Pezesha has raised $11 million in a pre-Series A funding round and plans to use the funds to scale operations in its...

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Indian FinTech EarlySalary Closes on $110M for Expansion
Indian FinTech EarlySalary Closes on $110M for Expansion
August 30, 2022  |  Investments

FinTech consumer lender EarlySalary raised $110 million in a Series D funding round, the largest amount the startup raised since it was founded in Pune, India in...

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Vodacom Intros New Cash Advance Product to Benefit Underbanked 
Vodacom Intros New Cash Advance Product to Benefit Underbanked 
August 30, 2022  |  Financial Inclusion

Digital and financial services solutions firm Vodacom is introducing a new cash advance product to give people who are underbanked fast access to funds. VodaLend...

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